DJIA chart pattern update

DJIA chart pattern update : information for dow jones industrial average price stock chart. Actually DJIA still in the uptrend or still in bullish session. This uptrend is a good uptrend because based on the double bottom pattern that has enough period for about 2 month starting in early august to early October.

After that period DJIA break the resist at 11600 then break MA200, this period is about a month. Then DJIA enters the next period that make a symmetrical triangle pattern. This is a consolidation periode. I think this is effect of eurozone crisis. But it think DJIA will break the symmetrical triangle pattern and continue its uptrend for several weeks. The reason is just becsuse there are not enough negative sentiment since Greek PM and Italian PM has been replaced with the new ones.

Technically MACD indicator shows us dead cross since DJIA reach highest price w weeks ago. But it daesn’t mean DJI will directly move down and make a downtrend. There is usually a range before downtrend is made, and we are waiting that moment before everything becomes worse because of euro zone crisis.

DJIA components

AXP    American Express Company Common
AA    Alcoa Inc. Common Stock
BAC    Bank of America Corporation Com
BA    Boeing Company (The) Common Sto
CSCO    Cisco Systems, Inc.
CAT    Caterpillar, Inc. Common Stock
CVX    Chevron Corporation Common Stoc

DD    E.I. du Pont de Nemours and Com
DIS    Walt Disney Company (The) Commo
GE    General Electric Company Common
HD    Home Depot, Inc. (The) Common S
IBM    International Business Machines
HPQ    Hewlett-Packard Company Common

JNJ    Johnson & Johnson Common Stock
INTC    Intel Corporation
JPM    JP Morgan Chase & Co. Common St
KFT    Kraft Foods Inc. Common Stock
KO    Coca-Cola Company (The) Common

MMM    3M Company Common Stock
MCD    McDonald's Corporation Common S
MRK    Merck & Company, Inc. Common St
MSFT    Microsoft Corporation
PFE    Pfizer, Inc. Common Stock
PG    Procter & Gamble Company (The)

TRV    The Travelers Companies, Inc. C
T    AT&T Inc.
UTX    United Technologies Corporation
VZ    Verizon Communications Inc. Com
WMT    Wal-Mart Stores, Inc. Common St
XOM    Exxon Mobil Corporation Common

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